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Tax relief for investments in start-ups

Funding start-ups by individuals (so-called angel investors) is not only a growth tool for start-ups. In Greece, it is also linked to a tax incentive for individuals, subject to specific conditions and strict implementation requirements. The framework is set out in Ministerial Decision (MD) No. 39937/2021 (Government Gazette, Series B, No. 1415/9.4.2021), which specifies Article 70A of the Greek Income Tax Code (ITC). 1) Who is considered an “angel investor” and which business is considered a “start-up” An angel investor is an individual (a Greek or foreign tax resident) holding a Greek Tax Identification Number (AFM), who contributes cash capital to start-ups for the purpose of investing in them and supporting their growth. For the purposes of the incentive, a start-up is a Société Anonyme (Α.Ε.) / Limited Liability Company (EPE) / Private Company (IKE) with its registered seat in Greece, which is registered...

NDAs: Real Protection, Not a Template

NDAs (Non-Disclosure Agreements) protect information that is commercially valuable to your business: know-how, source code, trade secrets, product roadmaps, and financial terms. They are used before presentations, pilot collaborations (PoCs), hires in sensitive roles, or due-diligence exercises. To be effective, they require proper legal drafting, not a generic template. Why an off-the-shelf NDA is insufficient: Each project has different information flows, counterparties, and risks. Generic forms often: leave gaps for subcontractors, affiliates and professional advisers, select unsuitable jurisdiction or forum,...

Legal Aspects of Airbnb: A Guide for Property Owners and Short-Term Rental Businesses

The short-term rental model, led by platforms like Airbnb, has emerged as a highly appealing business opportunity for property owners and investors in the tourism sector. However, as with any rapidly growing industry, it involves important legal considerations that must be addressed to ensure compliant and secure operations. Below are some key points for those...

Agritourism and Wine Tourism: Legal Pathways in a Growing Market

Travelers’ increasing desire for authentic experiences in nature, culture, and gastronomy has boosted interest in agritourism and wine tourism in Greece. These sectors can generate new income streams in rural or semi-rural areas, blending sustainable development with local heritage and traditions. Nevertheless, any investment or business initiative in these fields requires careful legal preparation and...

Transferring Tax Residency to Greece: Procedures and Advantages

In recent years, Greece has taken deliberate steps to attract individuals who wish to relocate for tax reasons, lifestyle benefits, or professional opportunities. Whether you are a retiree drawn by the Mediterranean climate, a high-net-worth individual exploring non-dom regimes, or a professional seeking Greece’s new digital nomad provisions, understanding the fundamental aspects of transferring tax...

Legal Issues and Considerations for Security Companies: A Guide for Management and Owners

Security companies play a critical role in safeguarding individuals, facilities, and assets, offering services closely tied to public safety and order. Given the nature of this industry, these businesses must comply with a strict regulatory framework, while also facing a range of practical and ethical challenges that demand careful attention. Below is a concise overview...

Invest in Greece Real Estate: Opportunities, Legal Framework, and Practical Insights

Greece’s real estate market has gained considerable momentum in recent years, offering promising opportunities for both seasoned and first-time international investors. With its strategic location at the crossroads of Europe, Asia, and Africa, a thriving tourism industry, and ongoing infrastructural developments, the country has emerged as a compelling destination for property acquisitions. Whether you are...

Company Formation in Greece: Key Steps and Considerations

Deciding to establish a company in Greece is a significant entrepreneurial move, whether you are a local investor or a foreign entrepreneur looking to enter the domestic market. Despite potential legal and bureaucratic hurdles, the country presents interesting opportunities thanks to its strategic geographical position, growing investment initiatives, and the dynamism of sectors such as...

Online Consumer Protection: What Businesses Need to Know to Operate Responsibly and Legally

In today’s digital era, one of the most crucial issues for any business operating online is consumer protection. Reliability, security, and transparency form the foundation of trust and, ultimately, the success of any online store or platform catering to consumers. Moreover, failing to comply with current legislation can lead to serious fines and legal risks. ...

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